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Facing a County Court Judgment (CCJ) can be daunting, but My Debt Plan is here to assist. We provide advice on dealing with CCJs, helping you understand the process and your options. Our team guides you through steps to address the judgment, whether it involves negotiating payment terms, disputing the claim, or exploring ways to have the CCJ set aside. With personalized strategies tailored to your situation, My Debt Plan ensures you take the right actions to minimize the impact on your credit score. Let us help you manage CCJs effectively and regain control of your financial future.
A County Court Judgment (CCJ) is a legal decree issued by a county court instructing you to repay a debt. It’s a procedural step initiated by a creditor in their pursuit of debt collection. CCJs offer creditors a straightforward means to reclaim money rightfully owed by individuals.
Upon receiving a County Court claim form, it’s crucial to respond within 14 days. The judgment outlines the owed amount, payment instructions, deadline, and payment recipient. Failure to provide necessary information may result in an unaffordable repayment schedule and further legal actions.
Prior to initiating a CCJ, creditors must furnish all details of the claim, including debt particulars. Failure to respond to this letter empowers creditors to proceed with court action independently. Responding within 30 days is imperative, providing realistic financial information and seeking debt repayment advice if needed.
Similar to an IVA in England, Wales, and Northern Ireland, a Trust Deed allows people living in Scotland with more than £5,000 of unsecured debts to repay that debt using a series of monthly payments. Once the payment term ends, usually after four years, the remaining debt is written off.
A Debt Management Plan (DMP) is what’s known as an informal debt solution. Under this scheme, you will come to an agreement with your creditors about lowering monthly payments towards your debts.
The agreement will be negotiated with the help of an Insolvency Practitioner (IP), but as an informal solution, you won’t be given legal protection from creditors.
In case of payment difficulties due to changed circumstances or unsuitable repayment terms, applying to alter payment terms or challenging the CCJ’s validity is an option. Such challenges may necessitate a private hearing and may incur a fee.
Creditors may resort to bailiffs to recover debts, requiring court authorization. Adequate repayment compliance can pre-empt bailiff visits, while failing to do so may escalate legal actions.
Consolidating multiple debts into manageable payments can prevent further creditor actions, provided payments are maintained. Debt consolidation, feasible for debts totaling under £5,000, requires completion of the N92 Application For An Administration Order form.
The CCJ Register, a public repository, lists judgments issued against individuals, providing details such as defendant’s name, court particulars, judgment amount, and resolution status. CCJs typically remain on record for six years unless set aside or paid off.
Access to the CCJ Register via the Registry Trust Limited website requires a nominal fee. Individuals can verify their own records for accuracy or before applying for credit. Incorrect information can be rectified by contacting Trust Online, which liaises with courts for verification.
Navigating CCJs demands diligence and informed action to mitigate financial repercussions. Understanding the process and seeking appropriate assistance can alleviate the burden of debt and safeguard financial stability.
Tell us about your current debts and one of our experienced and friendly advisors can help you get the ball rolling.
Dependant on your circumstances and financial situation, we'll let you know if an IVA is a potential solution for you.
If you qualify for an IVA, we will take the necessary steps to set up and arrange this for you.
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